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New Cotton Contract Farming Agreement between Piraeus Bank and the company “EkkokistiriaVamvakosLivadiaEfstathiosAgelousis S.A.”

Piraeus Bank, in collaboration with the company “EkkokistiriaVamvakosLivadiaEfstathiosAgelousis S.A.”, initiated a new Contract Farming Project regarding cotton producers of the Prefectures of Viotia, Karditsa, Trikala and Fthiotida.

The funding proposal for cotton Contract Farming is essentially intended to help rationalize the organization and financial support of the production procedure, covering all stages, from the producer to the processing and distribution of products by the aforementioned company.

The company “EkkokistiriaVamvakosLivadiaEfstathiosAgelousis S.A.” operates in the field of cotton ginning and trading of cotton products and is seated in Marathias of Livadia.

The company produces ginned cotton and cottonseed of excellent quality through its modern facilitieslocated in Viotia and Thessaly, while making every possible effort to strengthen the local economy.

Through the Piraeus Bank Contract Farming Project, the producer is provided with all the required liquidity at highly competitive terms, exactly when he needs it, as well as guaranteed payment of the production he has agreed to deliver to the company.

The Project covers the entire production, supply and manufacturing chain of the agricultural product by supporting, in an organized way, the beneficial collaboration between the producers andthe company.

By implementing this new collaboration, the continuing desire of Piraeus Bankto support and encourage any sound productive effort in the sector of economy, is certified.